Betting Exchanges take online betting to the next level

A bet exchange or p2p (player to player) exchange is a fairly recent Internet phenomenon, and is used to describe a web site acting as a broker between parties for the placement of bets. The concept is similar to that of a stock exchange or a currency exchange, where in this case the commodity being traded is a bet, rather than a stock or currency.

Betfit is part of Silva's Global Entertainment, SA, which provides an exchange for betting transactions conducted between customers. BetFit do not accept bets themselves, provide their customers with an automated facility for the placing of bets with each other on all eligible events. In return for this service, BetFit deducts a commission from each customer's net winnings on each individual betting market.

BetFit customers are given the chance to bet on the outcome of a wide range of events! You can bet in several international, regional and national sport events: ranging from motor sports, boxing, athletics, soccer, American football, basketball and cricket, among others. Betfit also allows you to bet on several international, regional and national political, financial, cultural, artistic and social events.

Betfit's customers are not limited to the fixed and discretionary odds of the traditional bookmakers. Instead, you can place bets with your own odds or you can accept bets placed by other customers at the most favorable odds offered. Moreover, you can act as a bookmaker laying bets that other customers wish to back. These are just a few examples of the creative betting exchange mechanism that Silva's Global Entertainment, SA, introduced with Betfit.

Compared with the traditional bookmakers, betting exchanges offer better odds (your winnings are 20% higher, in average) and betting is more fun. Don't just place a bet... Negotiate it! And remember that you are always welcome even if you are a compulsive winner! Traditional bookmakers usually restrict the size of the winners betting limits and even close their accounts!

For more information about BetFit.com, go to the BetFit Betting Exchange FAQ.